The trading signal for USOIL has been triggered. The asset has demonstrated consistent support near the 65.5 price level, exhibiting this pattern of support three times previously, each instance resulting in the formation of a higher high. Currently, USOIL is once again showing support at this crucial level. Therefore, I recommend initiating a bullish or long trade position, with a suggested entry point around the 65.75 mark.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.